AllAnalyst Report
logoMorningstarAugust 25, 2020

Tencent Holdings Limited: Tencent’s Fair Value Estimate Lifted by 4% to HKD 623 Per Share; Shares Attractive Again

Symbols
TCEHY
Sector(s)
Communication Services
Rating
Premium
Current Price
$75.90
Fair Value
Premium
Economic Moat
Premium
Stewardship
Premium
Summary

Tencent is a Chinese Internet giant with businesses and investments in a wide variety of Internet services and contents. Major services include communication and social networking (Weixin/WeChat and QQ), online PC and mobile games, content (news, videos, music, comics, and literature), utilities (email, app store, mobile security, and mobile browser), the cloud, and financial technology. Tenpay in Weixin/WeChat and QQ is a payment solution that enables closed-loop transactions in Tencent’s ecosystems and has been adopted by many third-party partners and offline merchants. Tencent has an aggregate monthly active user base of over 600 million for QQ and 1.2 billion for Weixin/WeChat.

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